Thailand’s exports down 7% in September

[webfact]

Thailand’s exports down 7% in September
By English News



BANGKOK, Oct 26 – Thailand’s exports in September declined by 7.09 per cent while exports for the entire year should grow by 4 per cent, according to the Commerce Ministry.

Srirat Rastapana, permanent secretary for commerce, said Thailand's export value in September was US$19.3 billion, or 7.09 per cent lower compared to the same month last year while import value was at US$18.83 billion, a decline of 5.23 per cent or a US$473.2 million surplus.

Exports in the first nine months of the year amounted at US$172.13 billion – a 0.05 per cent increase from the same period last year, while import value was US$189.8 billion – a 2.21 per cent increase.

Accumulating losses in the first nine months were US$17.67 billion, mainly due to export deficits with such countries as Japan, the Eurozone, the US and India, she said.

The global economic slowdown has impacted Thailand’s exports with the overall industrial sector suffering a 9.1 per cent reduction from exports of construction materials, jewellery and accessories and electrical appliances.

The export value of agriculture produce was, however, 2.7 per cent higher.

If export value surges to US$21-22 billion per month in the final quarter of this year, Thailand would enjoy an export growth of 4 per cent, said Ms Srirat.

She said the 4 per cent possibility would be in accord with an earlier statement Commerce Minister Niwatthamrong Boonsongpaisarn.

The Commerce Ministry would do its best though the central bank has lowered export value to only 1 per cent, she said.

Ms Srirat said the commerce minister would meet with industrial sector representatives to jointly assess this year’s export value and map out a strategy to boost exports next year.

The Commerce Ministry projects exports expanding by at least 5 per cent next year. (MCOT online news)


-- TNA 2013-10-26

[MaxLee]

Exports become slow because the ruling political party is becoming too greedy and implement backstabbing policies such as the rice scheme, that makes exports too costly for the international free trade.

Those people in power in Thailand are making Thsiland the hub of greedy imports, not exports, right after the motto "We GET, but we don't SHARE or GIVE anything in return internationally....

[patayayaya]

how many times has a thai bought something off of you compared to you bought from him ??????????

[rfukata]

Thai rice exports is certainly a variable to this grave downturn and probably continue.

[pisico]

When the ASEAN community becomes a reality and Thailand has to be competitive, the wailing will start.

As MaxLee accurately described: ""We GET, but we don't SHARE or GIVE anything in return internationally...." when Thailand has to abide and respect the agreements among the nations in the community regarding visa, immigration, fees, prices etc., the calls for getting out of the ASEAN will be louder and louder. Why? Because it will bring to the forefront Thailand's inability to be dynamic, innovative, a fair partner and competitive.

[NongKhaiKid]

This is the cue for TAT - " tourist numbers are on the increase. "

[ginjag]

This is the cue for TAT - " tourist numbers are on the increase. "

Even though Chinese tourist to Thailand DOWN 70%, ha ha swallow your figures TAT.

[soi41]

This is the cue for TAT - " tourist numbers are on the increase. "

Even though Chinese tourist to Thailand DOWN 70%, ha ha swallow your figures TAT.

A, until now, wellkept secret:

A picture from the last meeting with the TAT prognosis-makers:

[Thai at Heart]

This is the cue for TAT - " tourist numbers are on the increase. "

Even though Chinese tourist to Thailand DOWN 70%, ha ha swallow your figures TAT.

A, until now, wellkept secret:

A picture from the last meeting with the TAT prognosis-makers:

Darts_in_a_dartboard.jpg

Indeed. That number must have made a few people choke. Did yingluck even mention this fact when the Chinese premier was here? Fine think so

[MaxLee]

Thailand's ruling party are too busy making Thailand the next China aka "Shina"-watra

[EricBerg]

So the tourist ricepack-gift sales are not yet doing well? Then combined with a tourist one liter floodwaterbottle-gift exports should pick-up again. I'm sure the missunderstood fugitive brother of the smartgirls contest overseeing juror pm yingluck can advise on some quality marketing firm that will encourage the tourists to buy this wonderful combi-pack before saying bye to truely amazing Thailand.

[AleG]

Heckuva job, Yingluck!

You see, they were right all along when claiming a succesful business woman like her would bring prosperity to the country and... hang on.

7% down, not up?

Ehmmm... errr... but but... Abhisit!

[pablodiablo]

there needs t o be a level playing field, in truth what does thailand make that is any good? they put massive dutys on wine to protect there wine industry, have you ever tasted thai wine?! if they dont get involved with free trade deals they will be left behind big time, take the import of cars for example, if they let cars in with low duty, and made car ownership possibale for more thais, that would help towards a consumer driven economy, people would have more disposible income more fuel would be sold so more duty, cars need to be serviced so more jobs, transport would increase more jobs and thus heading for a consumer driven economy and this is just one aspect, also countrys would deal with thailand, how often do you hear about thailand on bloomberg tv? they just need to see the big picture.

[Thai at Heart]

there needs t o be a level playing field, in truth what does thailand make that is any good? they put massive dutys on wine to protect there wine industry, have you ever tasted thai wine?! if they dont get involved with free trade deals they will be left behind big time, take the import of cars for example, if they let cars in with low duty, and made car ownership possibale for more thais, that would help towards a consumer driven economy, people would have more disposible income more fuel would be sold so more duty, cars need to be serviced so more jobs, transport would increase more jobs and thus heading for a consumer driven economy and this is just one aspect, also countrys would deal with thailand, how often do you hear about thailand on bloomberg tv? they just need to see the big picture.

Reciprocity and a bigger pie doesn't really compute here

[Mudcrab]

there needs t o be a level playing field, in truth what does thailand make that is any good? they put massive dutys on wine to protect there wine industry, have you ever tasted thai wine?! if they dont get involved with free trade deals they will be left behind big time, take the import of cars for example, if they let cars in with low duty, and made car ownership possibale for more thais, that would help towards a consumer driven economy, people would have more disposible income more fuel would be sold so more duty, cars need to be serviced so more jobs, transport would increase more jobs and thus heading for a consumer driven economy and this is just one aspect, also countrys would deal with thailand, how often do you hear about thailand on bloomberg tv? they just need to see the big picture.

Cars, electronic goods exported all over the world.

Fair chance if you drive a Toyota Hilux it was made in Thailand.

Edited October 26, 2013 by Mudcrab

[ginjag]

there needs t o be a level playing field, in truth what does thailand make that is any good? they put massive dutys on wine to protect there wine industry, have you ever tasted thai wine?! if they dont get involved with free trade deals they will be left behind big time, take the import of cars for example, if they let cars in with low duty, and made car ownership possibale for more thais, that would help towards a consumer driven economy, people would have more disposible income more fuel would be sold so more duty, cars need to be serviced so more jobs, transport would increase more jobs and thus heading for a consumer driven economy and this is just one aspect, also countrys would deal with thailand, how often do you hear about thailand on bloomberg tv? they just need to see the big picture.

Reciprocity and a bigger pie doesn't really compute here

They would NEVER be able to export road surface material, or send experts re highways to advise on road building.

But you have to hand it to them for -pavements, top nations have to come to see these to copy, the worlds best. Ha Ha ha

[wolf5370]

there needs t o be a level playing field, in truth what does thailand make that is any good? they put massive dutys on wine to protect there wine industry, have you ever tasted thai wine?! if they dont get involved with free trade deals they will be left behind big time, take the import of cars for example, if they let cars in with low duty, and made car ownership possibale for more thais, that would help towards a consumer driven economy, people would have more disposible income more fuel would be sold so more duty, cars need to be serviced so more jobs, transport would increase more jobs and thus heading for a consumer driven economy and this is just one aspect, also countrys would deal with thailand, how often do you hear about thailand on bloomberg tv? they just need to see the big picture.

Cars, electronic goods exported all over the world.

Fair chance if you drive a Toyota Hilux it was made in Thailand.

That's the point in a nut shell - Japanese and Korean companies. It is just cheap labour that keeps these companies here, like clothing sweatshops in India and trainers made in Vietnam - if it becomes cheaper to get semi-skilled and skilled workers in another country then they will move - simple as that. There are almost no Thai companies that are evident on the world stage - even well known ones like Red Bull, its the Austrian Red Bull GmbH company that is known and respected, not the Thai Grating Daeng. Being a production hub for foreign companies to exploit cheap labour does not make a country a trading power, and if anything, it helps to keep wages down and entrepreneurship stalled.

[kimamey]

If export value surges to US$21-22 billion per month in the final quarter of this year, Thailand would enjoy an export growth of 4 per cent, said Ms Srirat.

She said the 4 per cent possibility would be in accord with an earlier statement Commerce Minister Niwatthamrong Boonsongpaisarn.

Why would there be a surge and what was in the Commerce Minister's statement ?

[Prbkk]

[

Yes, agree and move on they will. Not so long ago, maybe 20 years, 25 years, Malaysia had a big slice of electronics( particularly Phillips), now gone because of wage pressures. Just as textiles has just about gone already from Thailand, manufacturing must be under significant pressure...and maybe had it not been for the huge infrastructure investments some of the Japanese and Koreans might have contemplated getting out. 55 years ago, the 2,wealthiest counties in Asia: Burma and Th Philippines ; the poorest, Taiwan and Korea. Thailand hasn't changed position much.

For a country with a very significant population/domestic market, how many world class companies has it produced( excluding the energy drink)? I would say one...Siam Cement. When was the last time Thailand got serious coverage on Bloomberg or CNBC....? The day the Baht hit 47 /USD and the SET was 250. sad to say but Thailand is not regarded as a player in any major field of activity. Hewers of wood and carriers of water ( as a former Australian PM said of the dangers for his own country, in a biblical reference)

quote name=wolf5370" post="6966980" timestamp="1382796291]

there needs t o be a level playing field, in truth what does thailand make that is any good? they put massive dutys on wine to protect there wine industry, have you ever tasted thai wine?! if they dont get involved with free trade deals they will be left behind big time, take the import of cars for example, if they let cars in with low duty, and made car ownership possibale for more thais, that would help towards a consumer driven economy, people would have more disposible income more fuel would be sold so more duty, cars need to be serviced so more jobs, transport would increase more jobs and thus heading for a consumer driven economy and this is just one aspect, also countrys would deal with thailand, how often do you hear about thailand on bloomberg tv? they just need to see the big picture.

Cars, electronic goods exported all over the world.

Fair chance if you drive a Toyota Hilux it was made in Thailand.

That's the point in a nut shell - Japanese and Korean companies. It is just cheap labour that keeps these companies here, like clothing sweatshops in India and trainers made in Vietnam - if it becomes cheaper to get semi-skilled and skilled workers in another country then they will move - simple as that. There are almost no Thai companies that are evident on the world stage - even well known ones like Red Bull, its the Austrian Red Bull GmbH company that is known and respected, not the Thai Grating Daeng. Being a production hub for foreign companies to exploit cheap labour does not make a country a trading power, and if anything, it helps to keep wages down and entrepreneurship stalled.

[paz]

Exports become slow because the ruling political party is becoming too greedy and implement backstabbing policies such as the rice scheme, that makes exports too costly for the international free trade.

Those people in power in Thailand are making Thsiland the hub of greedy imports, not exports, right after the motto "We GET, but we don't SHARE or GIVE anything in return internationally....

Keep banging on rice and you may win a drum full of it.

Facts are, all Thailand figures grow, there is full occupation, and trade surplus. Compare to our exemplary, (yet subdisizing) first world countries ?

[yooper2001]

The exports go down because business is finding that it is cheaper to make products in there own country or elsewhere such as Burma and now Africa. Many corporation's are returning to America because of lower labor costs and soon will have business tax reform. this is the nature of the beast. Thailand must be innovated to find new markets or new products

[AleG]

Exports become slow because the ruling political party is becoming too greedy and implement backstabbing policies such as the rice scheme, that makes exports too costly for the international free trade.

Those people in power in Thailand are making Thsiland the hub of greedy imports, not exports, right after the motto "We GET, but we don't SHARE or GIVE anything in return internationally....

Keep banging on rice and you may win a drum full of it.

Facts are, all Thailand figures grow, there is full occupation, and trade surplus. Compare to our exemplary, (yet subdisizing) first world countries ?

Do you realize those "facts" are directly contradicted by the first post?

[godden]

there's that little word " IF" again

[Baerboxer]

Heckuva job, Yingluck!

You see, they were right all along when claiming a succesful business woman like her would bring prosperity to the country and... hang on.

7% down, not up?

Ehmmm... errr... but but... Abhisit!

Yes - but she's off to Ethiopia soon. A few more cracking deals from Ethiopia, on top of the marvelous rice deals with China, she brilliantly negotiated. Give her 6 months and the export figure will be rising like a tourists temperature in a Pattaya massage parlour. Especially now we have a creative accounting genius installed in the FM. Never could trust the CM figures - they thought the rice scam was loosing 200 billion when the new FM boy says only 36 billion.

All the figures will read well at the end of the year - almost guarantee it !

[ginjag]

Exports become slow because the ruling political party is becoming too greedy and implement backstabbing policies such as the rice scheme, that makes exports too costly for the international free trade.

Those people in power in Thailand are making Thsiland the hub of greedy imports, not exports, right after the motto "We GET, but we don't SHARE or GIVE anything in return internationally....

Keep banging on rice and you may win a drum full of it.

Facts are, all Thailand figures grow, there is full occupation, and trade surplus. Compare to our exemplary, (yet subdisizing) first world countries ?

WHAT figures ??? occupation ?? hotels-lie,---work in occupation-lie, trade surplus-exports are out of this world ??? (maybe)

[SjaakNL2013]

How come I am not surprised ?

[Arkady]

Really bumping on the bottom. Perhaps the rice pledging wasn't such a good idea for exports but lots of people have made lots of luverly money from it, even it none of them were farmers.

[rubl]

If export value surges to US$21-22 billion per month in the final quarter of this year, Thailand would enjoy an export growth of 4 per cent, said Ms Srirat.

She said the 4 per cent possibility would be in accord with an earlier statement Commerce Minister Niwatthamrong Boonsongpaisarn.

Why would there be a surge and what was in the Commerce Minister's statement ?

Tjeez man, don't you believe in the positive effect of wishfull thinking?

Mind you, I'd be incline to ask "how negative will this year's growth figures be if we don't get a surge'?

Edited October 27, 2013 by rubl

[zydeco]

they put massive dutys on wine to protect there wine industry, have you ever tasted thai wine?!

Yes, from Hua Hin Hills Vineyard. And it's pretty good. Pity is that it can only be bought in Hua Hin or at the vineyard. I enjoy a trip to Hua hin every now and then, and often stock up. Better yet, is a trip to the vineyard and their wonderful restaurant. Try it. You might enjoy it.

[bushman1666]

It will be interesting to see what happens when the US stops Quantative Easing and all those Dollars stop slushing round SE Asia. If Thailand is lucky the Baht will drop from artificial highs.